Category: Business

Zambia Begins Buying Back Eurobonds: A Major Step Toward Lower Debt Costs and Fiscal Sustainability

Zambia Begins Buying Back Eurobonds: A Major Step Toward Lower Debt Costs and Fiscal Sustainability By Prof. Lubinda Haabazoka The Government of Zambia has taken a significant step in strengthening the country’s public finances by launching a buyback of more than US$1.3 billion worth of Eurobonds. This operation represents one of the most important debt… Continue reading Zambia Begins Buying Back Eurobonds: A Major Step Toward Lower Debt Costs and Fiscal Sustainability

BARRICK GOLD COMMITS TO EXPANDING COPPER PRODUCTION IN ZAMBIA

BARRICK GOLD COMMITS TO EXPANDING COPPER PRODUCTION IN ZAMBIA President Hakainde Hichilema has welcomed Barrick Gold’s continued investment in Zambia, describing the mining giant as a key partner in the country’s efforts to grow the economy and achieve its ambitious copper production targets. Earlier today, the President met Barrick Gold Chief Operating Officer for Africa… Continue reading BARRICK GOLD COMMITS TO EXPANDING COPPER PRODUCTION IN ZAMBIA

ZAMBIA’S $6.2 BILLION FOREIGN RESERVES: A STATISTICAL PARADOX OF GROWTH AND POVERTY

By Given Mutinta ZAMBIA’S $6.2 BILLION FOREIGN RESERVES: A STATISTICAL PARADOX OF GROWTH AND POVERTY At the close of the first quarter, the Zambia’s gross international reserves reached a historic high of US$6.2 billion. This stands in stark contrast to figures from 2021, when reserves were considerably lower at US$2.1 billion, yet poverty was also… Continue reading ZAMBIA’S $6.2 BILLION FOREIGN RESERVES: A STATISTICAL PARADOX OF GROWTH AND POVERTY

IMF CONFIRMS CONTINUED ENGAGEMENT WITH ZAMBIA AS NEW PROGRAMME TALKS ADVANCE

IMF CONFIRMS CONTINUED ENGAGEMENT WITH ZAMBIA AS NEW PROGRAMME TALKS ADVANCE The International Monetary Fund has confirmed that discussions with Zambia on a new support programme are progressing well, with further negotiations expected to resume after the country’s general election in August. The update followed an IMF staff mission to Lusaka from 30 April to… Continue reading IMF CONFIRMS CONTINUED ENGAGEMENT WITH ZAMBIA AS NEW PROGRAMME TALKS ADVANCE

Five Miners Trapped at Matala Gold Mine in Mumbwa

Five Miners Trapped at Matala Mine in Mumbwa Five small-scale miners are trapped at Matala Gold Mine in Nangoma Constituency, Mumbwa District. The miners have been trapped since around 04:00 hours on Sunday. Matala Gold Mine, which was previously operated by a cooperative, has been closed for the past two years. ZNBC’s HONESTER MSHOKA reports… Continue reading Five Miners Trapped at Matala Gold Mine in Mumbwa

MIZINGA MELU, JITO KAYUMBA NAMED IN FAZ COMMERCIAL AND MARKETING COMMITTEE

MIZINGA MELU, JITO KAYUMBA NAMED IN FAZ COMMERCIAL AND MARKETING COMMITTEE. Mike Jovic Mwendachabe ✍️ The Football Association of Zambia has appointed a Commercial and Marketing Advisory Committee aimed at strengthening its financial position and expanding revenue streams. The decision follows a resolution by the FAZ Executive Committee and is part of efforts to improve… Continue reading MIZINGA MELU, JITO KAYUMBA NAMED IN FAZ COMMERCIAL AND MARKETING COMMITTEE

ZAMBIA LAUNCHES ANTI-ILLICIT FINANCIAL FLOWS POLICY TRACKER

ZAMBIA LAUNCHES ANTI-ILLICIT FINANCIAL FLOWS POLICY TRACKER Zambia is this month expected to host a team from the Tax Justice Network Africa (TJNA) and other experts to rollout the Anti-Illicit Financial Flows (IFFs) Policy Tracker Assessment in Zambia. The Policy Tracker is an African Union mandated tool designed to help member countries assess their national… Continue reading ZAMBIA LAUNCHES ANTI-ILLICIT FINANCIAL FLOWS POLICY TRACKER

Zambian Breweries Plc has reduced prices on Mosi, Mosi Light, Eagle and Eagle Extra products

Zambian Breweries Plc has reduced prices on Mosi, Mosi Light, Eagle and Eagle Extra products. The adjustments are as follows: Mosi 750ml RGB from K275 to K240; Mosi Light 330ml RGB from K280 to K240; Eagle 750ml RGB from ZMW170 to ZMW160; and Eagle Extra 375ml RGB from ZMW225 to ZMW180. Zambian Breweries Country Director,… Continue reading Zambian Breweries Plc has reduced prices on Mosi, Mosi Light, Eagle and Eagle Extra products